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It is estimated that the cost of maintaining a new car is $75 the first year, and that it increases $12 each subsequent year, how
It is estimated that the cost of maintaining a new car is $75 the first year, and that it increases $12 each subsequent year, how much money should be kept for maintenance if you want to keep the car for 6 years and if the money you keep earns an interest of 5% annual Capitalized monthly? Ia=5.116% annually
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